May list Adani group's airports business in near future: Jeet Adani

HYDERABAD: The Adani Group may consider listing its airports business, Adani Airport Holdings Limited, on the Indian stock markets in the near future after it hits a couple of triggers, Adani Enterprises vice president Gautam Adani’s younger son Jeet Adani said here on Wednesday.“In the near future, yes. It depends. We have a couple of triggers that we need to cross before we will do that. The first big one is obviously Navi Mumbai airport. But that is only one of the triggers,” Adani said in response to a query on the sidelines of the handing over of its indigenously manufactured Drishti 10 Starliner UAV to the Indian Navy chief at the Adani Aerospace Park.“We always keep a watch and ultimately our business model has always been that once the business is completely self-sufficient and has been able to demonstrate growth on its own…we are able to do it. I can’t give any timeline as it depends on different factors,” he said.He said Adani has ongoing expansions and very large capex plans for its airports business that it does based on traffic triggers. “All of the airports we are expanding in terms of capacity. Last year se closed at around 80 million passengers and this year we are expecting significant growth over that. We are trending over pre-Covid levels already,” he said. He said they are opening new terminals in Lucknow, Guwahati and Navi Mumbai will open by the end of this year in addition to expansion projects going on in Ahmedabad, Jaipur and Mangalore.